The FRAMER Act creates a financial incentive for states to avoid adopting energy building codes that exceed the federal Department of Housing and Urban Development's Minimum Energy Standard. Under this bill, states receiving federal housing funds must reimburse builders in opportunity zones for any extra costs incurred by complying with state energy codes that are more expensive than the federal standard. Builders must disclose these reimbursements to home buyers, along with details about cost differences between state and federal standards. The Government Accountability Office would track and report annually on these payments across states and regions. This policy applies for seven years before automatically expiring, affecting primarily builders and homebuyers in designated opportunity zones (economically distressed areas targeted for investment) across the country.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.